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An update from Black Cat Syndicate Ltd. ( (AU:BC8) ) is now available.
Black Cat Syndicate Limited announced the issuance of 15,789,143 new ordinary shares at $0.76 each, raising approximately $12 million as part of the second tranche of a share placement. This move, approved by shareholders, aims to strengthen the company’s financial position and support its ongoing operations. Additionally, the company issued shares related to the early exercise of options and under agreements with indigenous groups, reflecting its commitment to community engagement and operational expansion.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
More about Black Cat Syndicate Ltd.
Black Cat Syndicate Limited is a company listed on the Australian Securities Exchange (ASX:BC8) and operates in the mining industry. The company is involved in gold exploration and development, focusing on projects in Western Australia.
Average Trading Volume: 5,231,679
Technical Sentiment Signal: Buy
Current Market Cap: A$662.2M
Learn more about BC8 stock on TipRanks’ Stock Analysis page.